Kipp Administrative Services Corporation

Analysis

Kipp Administrative Services Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kipp Administrative Services Corporation reported income of $9.4m and spending of $9.9m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.2m to $9.4m (+52%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kipp Administrative Services Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Khan Lab School ($9.4m), Legacy Preparatory Academy ($9.4m) and Renaissance Academy Charter School of the Arts ($9.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $563k (5.7% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $13.6m against liabilities of $7.4m, net assets of $6.2m. It reported 168 employees.